SEC releases draft IRR of financial consumer protection law
MANILA - The Securities and Exchange Commission (SEC) has released the draft implementing rules and regulations (IRR) of Republic Act 11765, or the Financial Products and Services Consumer Protection Act (FCPA), for public comment. The draft IRR will operationalize the newly signed law that aims to protect the interests of financial consumers by strengthening the country's financial regulators by providing them with rule-making, surveillance, inspection, market monitoring and more enforcement powers. Former President Rodrigo R. Duterte approved the measure on May 6, 2022, as part of effort...
Source: philippinetimes.com
